Monday, 23 June 2014

23-Jun-2014 CSE Trade Summary

Company Fact Sheet: Mercantile Investments and Finance PLC - MERC:N0000

About the company:

Established: 1964                                         Quoted Date: 2011-06-02             Sector: Banks Finance Insurance

Mercantile Investments and Finance PLC provides a range financial services, including accepting deposits, granting of loans, lease financing, hire purchase financing, fleet management and share trading. The Company operates through five segments: finance lease, hire purchase, loans and advances, investments and operating lease. As at 31st March 2014,it has 18 branches and 4 service centres. It also provides vehicle loan, micro finance, personal loan, property mortgage reducing. It also offers vehicle brands for sale. It also operates service and repair centres.

Chairman: Mr S.H.J. Weerasuriya

Managing Director: Mr G.G. Ondaatjie 

Deputy Managing Director: Mr P.M. Amarasekera 

Board of Directors:
Mr S.H. Jayasuriya  (Director - Finance)
Ms A.M. Ondaatjie 
Mr T.J. Ondaatjie 
Ms P.T.K. Navaratne 
Mr N.H.V. Perera  (Non-Executive Director)
Mr S.M.S.S. Bandara  (Independent Non-Executive Director)
Mr P.C. Guhashanka  (Non-Executive Independent Director)

52 Weeks Low: --                                                                      52 Weeks High: --

Average Trading Volume: 0

Company Financial at a glance:

1. Company's 3,006,000 ordinary voting shares were listed by way of an introduction and permitted for trading from 02nd June 2011. 
2. The reference price of LKR. 1,562/= in respect of the ordinary voting shares has been decided upon by the Company.
3. Only 1 trade of 10 shares @ Rs. 2,200.00 was traded between the commencement of trade permitted and now (20/06/2014).

Total shares in Issue: 3,006,000

Top 20 Shareholders as at 31/03/2014

The percentage of Shares held by the Public as at 31st March 2014 was 10.87%.

The percentage of Foreign Holding as at 31st  May 2014 was 0.00%

Quote for the day

“Investors spend most of their time deciding what stock to buy. They spend little if any time thinking about when and under what circumstances their stock should be sold. This is a serious mistake.” - William O’Neil